Comments: Getting back above $580 spot Gold was critical today, as that was the 1-year uptrendline. that was briefly broken yesterday. It certainly helped that the U.S. trade deficit for the second quarter was the second highest on record, coming in at $218.4 bil, bringing the U.S. within striking range of beating last year's record breaking annual trade deficit of $791.5 bil.Related Article: "Trade Deficit Up to $218.4B in 2nd" Qtr.http://biz.yahoo.com/ap/060918/economy.html?.v=4
Comments: The HUI is trying to get a much needed bounce from the 1 year uptrendline. How far can it go?
Portfolio PM Exposure: 96% (4% in SH, Short S&P500 ETF) + Calls on NEM, AEM, and GFI
Sentiment: Short Term Bullish; finally a relief rally...
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